By  on April 24, 2019

PARIS — Carrefour posted a 3 percent decline in first quarter sales, with weaker Latin American currencies weighing on a mixed performance from the retail giant as it continues to restructure its operations to compete in a digital era.

In a separate release, the company said that Alexandre Arnault would replace his father, Bernard Arnault, chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton, on the retailer’s board until next year’s annual shareholder meeting, as the luxury tycoon hands further responsibilities to his children.

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